Aquarium Inc uses the number of museum visits as its measure of activity. During May, the company budgeted for 4,040 museum visits, but its actual level of activity was 4,200 museum visits. Revenue is variable and is $25 per museum visit. Actual revenue for May was $108,000. The revenue variance for May would be closest to: OA. OB. OC. $3,000 unfavorable $3,000 favorable $7,000 unfavorable $7,000 favorable

Aquarium Inc uses the number of museum visits as its measure of activity. During May, the company budgeted for 4,040 museum visits, but its actual level of activity was 4,200 museum visits. Revenue is variable and is $25 per museum visit. Actual revenue for May was $108,000. The revenue variance for May would be closest to: OA. OB. OC. $3,000 unfavorable $3,000 favorable $7,000 unfavorable $7,000 favorable

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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